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Daily Archives: June 16th, 2009

By Caitlin O’Toole
NEWS.com.au
June 16, 2009 09:12am

A YEAR ago, accounting and mining engineering students would be fielding two or three job offers halfway through their final year.

Now, they can’t afford to be choosy, and count themselves lucky to get a single offer.

Graduate Careers Australia research manager Bruce Guthrie said the economic uncertainty takes the shine off industries hit hard by the downturn, like formerly ‘hot jobs’ in mining and finance.

“A lot of employers have just been holding back a little bit, waiting to get some firm idea about what the rest of the year will bring,” said Mr Guthrie.

“Some employers decided maybe to be a little more prudent and either decided to delay hiring, or pay people and say ‘sorry we’ll withdraw the offer’.”

WHAT has your experience been of the graduate job market? Tell us below.

Related Coverage
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Adelaide Now, 19 May 2009
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Adelaide Now, 31 Mar 2009
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The Australian, 27 Mar 2009
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The Australian, 18 Mar 2009
Uni grad beats credit crisis with 50 jobs
NEWS.com.au, 16 Mar 2009 Even accountants, which formerly moaned about a skills shortage, are cutting back. ‘Big four’ firms like PricewaterhouseCoopers offered graduates $4000 to delay their start date, and Ernst & Young postponed graduate start dates.

Almost 70 per cent of graduates expect it will be hard to get a position because of the economy, according to a CareerOne survey. And almost half of grads aren’t working in the field they studied.

As architecture and building, accounting, engineering and business graduate programs mirror the economy, the less glamorous careers will hold up, predicts Mr Guthrie.

“Commonly those are areas in the teaching, health sciences areas, where demand for employees isn’t governed by the economy,” he said.

Headlines about layoffs and fewer graduate spots in the private sector mean graduates are turning to public service, where competition for graduate spots has jumped.

Applications for the Australian Tax Office’s graduate program, with its $49,000 starting salary and 15.4 per cent super, jumped from 1701 to 5312 applicants this year, most with tax, accounting, law or economics degrees.

Employers attending careers fairs have fallen 15 per cent, said Dawn White, president of The National Association of Graduate Careers Advisory Services (NAGCAS).

But having to fight hard to get a job could have a silver lining, as fewer grads fall into the formerly ‘safe’ career options of law, finance or accounting and think seriously about what they really want to do with their lives, she said.

Although investment banks are still recruiting on campuses, fewer students are showing up for their information sessions, said Ms White.

Students are now less likely to enter banking just to keep their parents happy, even though there are still jobs and even signing bonuses on offer.

“You read in the paper of a company cutting jobs, and then they ring up the next day and want to recruit grads,” said Ms White.

‘Hot jobs’ like IT or banking are just trends, and students are better off thinking carefully about what they really want to do, she said.

Recessions push people to make a more conscious career choice and think about what they are good at and what they really enjoy, because the ‘safe’ career track is gone, said Ms White.

“It might have made people realise there aren’t any specific safe industries, so it’s more important to do something you enjoy and gain transferable skills.”

“It’s forcing students to have a look at their priorities and their reasons for getting into things,” said Ms White.
http://www.news.com.au/business/story/0,27753,25643410-5012426,00.html

Font Size: Decrease Increase Print Page: Print Ewin Hannan and Patricia Karvelas | June 16, 2009
Article from: The Australian

FORMER ACTU president and now federal Labor MP Jennie George has declared building unionists have fewer rights than “most hardened criminals”, underlining ALP caucus unrest over plans to keep coercive powers for the construction industry.

Tasmanian Labor MP Dick Adams also hit out at the retention of the powers and Victorian senator Jacinta Collins said she was yet to be convinced the government would introduce adequate safeguards to deal with her concerns.

Several other Labor MPs raised concerns about the proposed laws at a special briefing of the employment caucus group last night, with some vowing to push their opposition in a broader caucus meeting today.

Despite the unrest, Workplace Relations Minister Julia Gillard is expected to succeed in getting a bill retaining the powers through caucus. One prominent left-winger, who would not be named, said the government had “stitched up” the issue and it would be difficult to seriously oppose it. “They’ve locked everyone in,” the MP said. “None of the left-wing ministers or parliamentary secretaries can say anything now.”

The bill’s final passage faces delay, as the Greens will refer it to a Senate committee when it comes before the upper house next week. A day after former union leader and now senator Doug Cameron attacked the coercive powers, Ms George differed from fellow former ACTU presidents, Simon Crean and Martin Ferguson, who have both backed their retention.

“Like many people, of course, I have concerns about the use of coercive powers against trade unionists, powers that don’t even apply in the case of most hardened criminals, who under our laws still have the right to silence,” Ms George told The Australian.

She said she would have a more detailed position once she had examined the legislation, including proposed safeguards.

“As a matter of principle, I think the use of coercive powers in the manner that has been used hitherto, where people are hauled before people and asked to dob in their mates and if they don’t there is the threat of penalty, it just seems to me that is not something that I would condone.”

Ms Gillard will highlight an array of safeguards that were recommended by former judge Murray Wilcox.

It is expected any notice to compulsorily interrogate a person would be issued only by a presidential member of the Administrative Appeals Tribunal, who would have to be satisfied that the worker had information or documents relevant to an investigation; that the information was important to the investigation’s progress; and if there was no other way of obtaining the information.

The Commonwealth Ombudsman would monitor the compulsory interrogations and report to parliament annually. The legislation governing the interrogation powers would be subject to a five-year sunset clause.

Mr Adams said it was wrong to have two sets of laws and they would be resisted.

“I believe that everybody should be treated equally,” he said.

http://www.theaustralian.news.com.au/story/0,25197,25642552-2702,00.html